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OTTAWA, Ont. — The operating ratio for Canada’s for-hire carriers earning at least one million in annual revenues deteriorated to 0.94, according to Statistics Canada records for the first quarter of 2007.

While operating expenses were down 4.8% for the first quarter compared to the same period in 2006, operating revenues declined 5.9% for the same period. Operating expenses reached $6.5 billion and revenues totalled $6.9 billion.

On a year-over-year basis, average operating revenues declined 6.9% to $1.9 million, while average operating expenses decreased 5.8% to $1.8 million.

In addition, for-hire trucking transportation revenues from domestic movements decreased by 11.2% to $4.5 billion from the $5.0 billion registered in the first quarter of 2006. In contrast, revenues from international movements increased 9.2%, mainly because of an almost 14% growth in revenues from outbound movements.There were an estimated 3,579 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the first quarter of 2007, up from 3,541 carriers in the first quarter of 2006.

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